Xonic Corporation issued $9 0 million of 20 year, 8 percent bonds on April 1, 2018, at 102 Interest is due on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2038 Xonics fiscal year ends on December 31 a c Record the issuance of the bonds and entries after the issue (If no entry is required for a transaction event, select No journal entry required in the first account field Enter your answers in dollars ) Record the following on a General Ledger April 1, 2018 Record the issuance of bonds September 20, 2018 Record the bonds interest and amortize bond premium March 30, 2038 Record the final interest payment and amortize bond premium March 30, 2038 Record the retirement of the bonds

Question

Xonic Corporation issued $9 0 million of 20 year, 8 percent bonds on April 1, 2018, at 102  Interest is due on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2038  Xonics fiscal year ends on December 31  a c  Record the issuance of the bonds and entries after the issue  (If no entry is required for a transaction event, select  No journal entry required  in the first account field  Enter your answers in dollars ) Record the following on a General Ledger April 1, 2018  Record the issuance of bonds September 20, 2018  Record the bonds interest and amortize bond premium March 30, 2038  Record the final interest payment and amortize bond premium  March 30, 2038  Record the retirement of the bonds

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Xonic Corporation issued $9.0 million of 20-year, 8 percent bonds on April 1, 2018, at 102. Interest is due on March 31 and September 30

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